Plan Ledger DOL Form 5500 · updated monthly

Ability Kc403(b)

ABILITY KC 403(B) DC PLAN · KANSAS CITY, MO · plan year 2023

Reported admin expense ratio · 2023
0.52%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Ability Kc reported $38,606 in plan administrative expenses for 2023: 0.52% of average plan assets, above the peer median. Employer contributions averaged $434 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Missouri (946th of 1,393), and 6,538th of 11,911 in health care & social assistance. In 2023, employees put in $4.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,800,856
Participants with balances196
Active participants290
Employer contributions$125,873
Employee contributions$568,749
Employer contribution per active participant$434
Average account balance$39,800
Benefits paid to participants$1,054,549
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$7.8M · 196 accts · $126K emplr
2022$7.2M · 156 accts · $118K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$32,597
Investment management$6,009
Total administrative$38,606
Employer contributions to the Ability Kc plan · 2023
Employer contribution per active participant$434
Median for plans this size$1,308
2023$434 per active participant
2022$583 per active participant

Ability Kc's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NEWPORT GROUP, INC. · Recordkeeping · Consulting$22,651
LINCOLN NATIONAL CORPORATION · Recordkeeping$9,946
PRIME CAPITAL INVESTMENT ADVIS · Investment advisory (participants) · Investment advisory (plan)$6,009

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$38,606 · 0.52%
2022$34,939 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Missouri
New Day Admin, LLC MO$8.0M · 1.16%
Places for People Inc. MO$7.5M · 0.02%
Pony Bird, Inc. MO$7.5M · 1.04%
Familyforward MO$7.4M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440552045 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.